Activist investor Dan Loeb made a killing on his Yahoo shares and now he’s cashing out two-thirds of his stake. Smart move? Heard on the Street’s Rolfe Winkler discusses on MoneyBeat. Photo: AP.

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I ... I ... I ... activist investor day old made a killing on the other shares ... cash up two-thirds of its stake ... to a smart move Rolfe Winkler from Heard on the Street thinks so for all the things to come out this morning Dan Loeb really news this morning on this one he I e ... to release my annuity ... yet he Xconomy on Sunday hard on my own and sixty two million shares ... he had seventy three million this year sold some of the twenty dollars ... of the sixty two million he selling forty million ... at ... twenty nine dollars eleven cents Friday's close ... he bought those I wanna say in the fifteen sixteen dollar and to ... do that math on that stake alone were talkin over half a billion dollars ... so ... the any immediate question is ... why now ... by now I mean yes it's it's easy to gain but ... wouldn't say well one thing what are we carry on or really what when we actually get it yet who missed earnings yet the company itself did not report a very good quarter in its gonna be a long time ... for them to turn around this business I have ever read on and what the reason the stock is gone up so much is ... if in large measure stock buybacks which ... they loathe helped force the UN and two more meaty more portly the Alibaba stake ... they owned twenty four percent of Alibaba ... which is probably an IPO within the next twelve months or so ... on and the growth rate there has been so was standing everybody's really excited ... ALM ... that it will will ... go go Yahoo's filings the actual numbers but ... I still day but it's still a smart move because ... it all of this is excited over Alibaba to ... what we've been seeing this earnings season ... China slowing down ... right ... yes rapidly ... rapidly sell to China's growth is slowing down rap and that this earnings season is a long-term slowdown the country ... to exactly potentially so if ... Alibaba it's still appreciate the Commerce in China is not ... and not giving growers can grow very quickly ... but some of the excitement over that statement dissipate right ... I was so the stock a second day goes down the four percent in the sun terrible number but he'll eat them guns are lost forty million dollars on this more than actors they sold its twenty nine eleven ... I ... only got into the toasty died years why is Yahoo going back ... spending this money I guess the one unique is the can to get Logan and ... I he's too during his two directors to its three of them ... Aiden loved Harry Wilson and Michael Wolf ... I was immediately leave them the evil or take ... I didn't directly from him for that forty million of his sixty two Leah shares they bought from him ... and also those three are leaving ... the board I wanna see the end of this month the heart of the party officials said they were signing at the end of this month ... ALM ... so they're getting that ... by ... is that enough said ... you know it is that worth bids and forty five and two million dollars ... loss he was going to look at this just adorable I learned to look this ... take in mind when you just said take him an effective Dan Loeb is is getting out and rather than say are you know what mean this guy was screaming I dont wanna lose but I think this was happening shares that they'd be followed in the fall and use Greek trade ... she Ardi cashed out about ten million shares or so in February about twenty bucks ... aam pseudonym huge in on the yen ... but ... and this is become a thing where Merissa Meyer she got a lot of leeway rate city you call the honeymoon period a year I mean a lot of enthusiasm around her beehive which is great ... does does this point becomes a point where people start saying to her are you really have to show some results here oh absolutely yes actually in the next day she's been very lucky that she had as long as she has as ... in terms of you know the honeymoon period right aam ... but you know people are ... going to start focusing in a certain point when the sun over Alibaba wanes in there in one or IRA shows shows the results you to spend billion run on tumbler ... for me to no revenue they are roughly let's let's get let's see some revenue eyes turn roughly with that stuff or stuff thanks alot